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LiveRamp (NYSE: RAMP), the identity platform powering exceptional experiences, announced its financial results for the fourth quarter and fiscal year ended March 31, 2019.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190528005741/en/

Fourth Quarter Financial Highlights

  • Total revenue was $78 million, up 30% compared to the prior year period. Excluding the impact of Facebook, total revenue increased 40%.
  • Subscription revenue was $66 million, up 40% and contributed 84% of total revenue.
  • Marketplace & Other revenue of $13 million declined 4% on a reported basis. Excluding the impact of Facebook, Marketplace & Other revenue increased 43%.
  • GAAP loss per share from continuing operations was $0.73, and non-GAAP loss per share from continuing operations was $0.13.
  • Cash flow from operating activities improved to $38 million, compared to net cash used in operating activities of $9 million during the fourth quarter of fiscal 2018. Fourth quarter cash flow included a tax benefit of approximately $60 million.
  • During the quarter, LiveRamp repurchased 175 thousand shares for $10 million under its $1 billion stock repurchase program. Since inception of the share repurchase program in 2011, the Company has repurchased 22.6 million shares for $449 million, leaving remaining capacity of $551 million.

Fiscal Year Financial Highlights

  • Total revenue was $286 million, up 30% compared to the prior year period. Excluding the impact of Facebook, revenue increased 41%.
  • Subscription revenue was $237 million, up 38% and contributed 83% of total revenue.
  • Marketplace & Other revenue of $49 million grew 2%. Excluding the impact of Facebook, Marketplace & Other revenue increased 60%.
  • GAAP loss per share from continuing operations was $1.79, and non-GAAP loss per share from continuing operations was $0.29.
  • Cash flows used in operating activities was $2 million compared to $14 million during fiscal 2018.
  • Cash and cash equivalents totaled $1.1 billion with no debt at fiscal year end.

“The fourth quarter represented a strong finish to an incredible year,” said LiveRamp CEO Scott Howe. “I’m extremely proud of the team’s performance and our momentum entering FY20. LiveRamp has solidified its position as the leading provider of people-based identity and data connectivity for the open ecosystem. In the coming year, we plan to double down on key growth areas like Advanced TV, enterprise data networks and global expansion.”

“Each of our growth initiatives continues to build momentum,” said LiveRamp CFO Warren Jenson. “As enterprises look for new ways to better leverage data to power the customer experience, they are increasingly turning to LiveRamp as the trusted and open choice.”

Source: LiveRamp Earnings Release